Regulatory Alerts2022-06-30
Added
MPD Circular No. 02: Re-fixation of Repo interest rate of Bangladesh Bank
The document increases the Bangladesh Bank's repo interest rate from 5.00 percent to 5.50 percent, effective June 27, 2022, while maintaining the reverse repo rate at 4.00 percent. This directive applies to all commercial banks, non-bank financial institutions, and specialized financial institutions operating in Bangladesh.
MONETARY POLICY DEPARTMENT
website: www.bb.org.bd
Circular No. 02 dated: 30 June 2022 16 Asharh 1429
Chief Executive / Managing Director Commercial Banks, Non-Bank Financial Institutions and Other Established Specialized Financial Institutions of Bangladesh
Dear Sir,
Ref: Circular No. 01 dated 29 June 2022
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Pursuant to the decision taken in the 55th meeting of the Monetary Policy Committee held on 27 June 2022, the repo rate of Bangladesh Bank is hereby increased from 5.00 percent to 5.50 percent. It is mentioned that the reverse repo rate remains unchanged at 4.00 percent.
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This circular comes into effect immediately.
Yours faithfully,
(K.M. Abdul Hai Chowdhury) Deputy Governor (Operations) Phone: 9530059